Will we invest in and transact with Ether differently than we do with Bitcoin, since the two currencies have different monetary policies? Ether has been dubbed Bitcoin’s challenger or its rival – Andreas Antonopoulos’ warning to stop calling ethereum "the bitcoin rival" is generating an intense debate on Twitter and Reddit.
What individuals make of the growing debate over Ether and Bitcoin rages on with comparison being made from the point of view of how people invest in and transact with the two digital currencies. Ethereum as a means of exchange
Analyst and Blockchain Products Lead at ARK Investment Management , Chris Burniske, predicts that Bitcoin will be used more as a store of value, while Ether, which is needed to power the smart contracts that are the main appeal of the Ethereum network, will be used more as a means of exchange.
In a Forbes piece, he states: “Both the Bitcoin and the Ethereum systems are built on a blockchain through which every transaction is recorded publicly allowing money and assets to be exchanged more quickly and more cheaply than using a long chain of middlemen.” Potential for trading
In December 2015, Ether was trading at less than $1. Now it has risen to $15 – almost by a 15-fold increase in six months. This, as well as Ethereum’s ability to create binding financial agreements that can be enforced entirely by software, has created a great deal of user interest in investing in the digital currency.
It didn’t then come as a surprise that about 11,000 anonymous people invested $150 million into the DAO – or the Decentralized Autonomous Organization . This Ether-nly crowdfund gives every investor the right to vote directly on any major allocation of the organization’s capital for proposed projects with a view to share in the profit […]
